April 10, 2022
Globally, electric vehicle sales are higher than ever. China is the world’s biggest user of EV's, followed by the EU and then the US. According to Bloomberg, the global clean road transport market was worth around $244 billion in 2021. Our choices for EV vehicles are also on the rise. Today, there are more than 500 zero-emission models available across all brands globally. New targets by the US, EU, and China indicate that EV's will be roughly 20-30% of car sales in those markets by 2025. But the EU has what China and the US don’t: phase-outs of internal-combustion engines, which means there will be increased demand there versus elsewhere. Will automakers be able to keep up?
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